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ALIT Price Correlated With Financials For Alight

Free historical financial statements for Alight Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 5 quarters since 2021. Compare with ALIT stock chart to see long term trends.

ALIT Stock Compared to Quarterly

ALIT Income Statement

Revenue, Net:750000000
Revenue Per Share:1.6379
Cost of Goods & Services Sold:523000000
Gross Profit:212000000
Selling, General & Admin Expense:178000000
Total Operating Expenses:262000000
Operating Income:-65000000
Income Taxes:-20000000
Net Income:-45000000
Earnings Per Share, Basic:-0.08
Shares Outstanding, Basic Avg:457904703

ALIT Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:84000000
Net Cash from Operations:83000000
Net Cash from Operations Per Share:0.1813
Net Cash from Financing Activities:-17000000
Property, Plant & Equipment Purchases:36000000
Net Cash from Investing Activities:-36000000
Net Change in Cash & Equivalents:32000000

ALIT Balance Sheet

Cash and Cash Equivalents:1658000000
Accounts Receivable, Net:578000000
Total Current Assets:2506000000
Property, Plant & Equipment, Net:296000000
Total Assets:10903000000
Current Portion of Long-Term Debt:31000000
Total Short-Term Liabilities:2046000000
Long Term Debt, Non-Current Portion:2801000000
Total Liabilities:5779000000

Insider Trading

 
Change
Value
Transaction
SEC Form 4
Massey Richard N   Director
100,000 sh at $8
$840,500
Buy

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Blackstone Group Inc
54,833,898 sh
 
$401,932
Cannae Holdings, Inc.
52,477,062 sh
 
$384,657
Fpr Partners LLC
31,043,960 sh
1,066,000 sh
4%
$227,552
$25,201
Vanguard Group Inc
26,607,492 sh
542,762 sh
2%
$195,033
$19,096
Thomas H Lee Partners Lp
22,757,693 sh
 
$166,814
Blackrock Inc.
20,676,974 sh
-160,338 sh
-1%
$151,562
$10,910
Arrowmark Colorado Holdings LLC
20,238,297 sh
3,659,860 sh
22%
$148,347
$36,443
Fidelity National Financial, Inc.
15,000,000 sh
 
$109,950
Davenport & Co LLC
12,781,410 sh
-1,738,148 sh
-12%
$94,273
-$3,792
Permian Investment Partners, Lp
11,637,321 sh
7,500 sh
0%
$85,302
$6,801
Janus Henderson Group Plc
10,781,990 sh
-504,972 sh
-4%
$79,032
$2,845
Empyrean Capital Partners, Lp
9,307,850 sh
 
$68,227
River Road Asset Management, LLC
8,685,211 sh
187,613 sh
2%
$63,663
$6,304
State Street Corp
6,261,284 sh
461,722 sh
8%
$45,895
$6,748
Geode Capital Management, LLC
5,352,223 sh
234,898 sh
5%
$39,231
$4,690
Tensile Capital Management LLC
4,930,406 sh
-95,482 sh
-2%
$36,140
$2,215
Goldman Sachs Group Inc
4,307,420 sh
-831,110 sh
-16%
$31,573
-$3,112
Solel Partners Lp
3,865,817 sh
539,000 sh
16%
$28,336
$5,880
Moore Capital Management, Lp
3,583,260 sh
-53,557 sh
-1%
$26,265
$1,716
Knighthead Capital Management, LLC
3,301,707 sh
 
$24,202
COMPANY PROFILE
1. Basis of Presentation and Nature of Business Foley Trasimene Acquisition Corp. (“FTAC”) was incorporated in Delaware on March 26, 2020 . FTAC was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. On July 2, 2021 (the “Closing Date”), FTAC completed the business combination (the “Business Combination”) with Alight Holding Company, LLC (f/k/a Tempo Holding Company, LLC) (“Alight Holdings” or the “Predecessor”) contemplated by the Business Combination Agreement (as amended and restated as of April 29, 2021) between FTAC, Alight Holdings and other interested parties (the “Business Combination Agreement”). On the Closing Date, pursuant to the Business Combination Agreement, FTAC became a wholly owned subsidiary of Alight, Inc. (“Alight”, “the Company”, “we” “us” “our” or the “Successor”) and was renamed Alight Group, Inc. As a result of the Business Combination, and by virtue of such series of mergers and related transactions, the combined company is now organized in an “Up-C” structure, in which substantially all of the assets and business of Alight are held by Alight Holdings, of which Alight is the managing member pursuant to the terms of the Second Amended and Restated Limited Liability Company Agreement of Alight Holdings that went into effect upon the completion of the Business Combination. As of March 31, 2022, Alight owns approximately 86 % of the economic interest in Alight Holdings, but has 100 % of the voting power and controls the management of Alight Holdings. As of March 31, 2022, the non-voting ownership percentage held by noncontrolling interest was approximately 14 % (see Note 9 "Stockholders' and Members' Equity" for additional information). Basis of Presentation As a result of the Business Combination, for accounting purposes, the Company is the acquirer and Alight Holdings is the acquiree and accounting predecessor. While the Closing Date was July 2, 2021, we determined that as the impact of one day would be immaterial to the results of operations, we utilized July 1, 2021 as the date of the Business Combination for accounting purposes. Therefore, the financial statement presentation includes the financial statements of Alight Holdings as Predecessor for the periods prior to July 1, 2021 and the Company as Successor for the periods including and after July 1, 2021, including the consolidation of Alight Holdings. The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and should be read in conjunction with the Consolidated Financial Statements contained in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, filed with the Securities and Exchange Commission (“SEC”) on March 10, 2022. In the opinion of management, all adjustments, including normal recurring adjustments, considered necessary for a fair presentation have been included. All significant intercompany transactions and balances have been eliminated upon consolidation. The results of operations for interim periods are not necessarily indicative of the results to be expected for future quarters or for the full fiscal year ending December 31, 2022.

Nature of Business We are a leading cloud-based provider of integrated digital human capital and business solutions. We have an unwavering belief that a company’s success starts with its people, and our solutions connect human insights with technology. The Alight Worklife® employee engagement platform provides a seamless customer experience by combining content, plus artificial intelligence (“AI”) and data analytics to enable Alight's business process as a service ("BPaaS") model. Our mission-critical solutions enable employees to enrich their health, wealth and wellbeing which helps global organizati

Data imported from Alight Inc. SEC filings. Check original filings before making any investment decision.